(Solution) - Income computation for a manufacturing firm -(2025 Original AI-Free Solution)

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Income computation for a manufacturing firm. The following data relate to Crystal Chemical corporation for the year ended December 31, 2008 (amounts in million of euros):

The company incurred manufacturing const (direct material, direct labor, and manufacturing overhead) during the year total ?28,044. Sales revenue was ?2,632, marketing and administrative expense were ?2,436, and interest expenses were ?828. The income tax rate 35%. Compute net income for the year.